Are backups worth it in the long run?

[Woodstock]

Figure I should add one tiny data point that I just recently experienced... THEFT. Any backup that uses hardware that can be stolen is flawed. Last week, my video servers were stolen; fortunately, I had stored the original disks off-site two months prior. I have a LOT of stuffing of disks to do once I purchase new hardware, but, I didn't lose any video disks.

If you're going to do the backup route, make sure it is kept off-site, "just in case".